Horizon Kinetics Asset Management LLC Buys New Stake in Ladder Capital Corp (NYSE:LADR)

Horizon Kinetics Asset Management LLC bought a new stake in Ladder Capital Corp (NYSE:LADR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,000 shares of the real estate investment trust’s stock, valued at approximately $459,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its stake in Ladder Capital by 13,513.5% during the 3rd quarter. Quest Partners LLC now owns 7,079 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 7,027 shares in the last quarter. Quarry LP boosted its stake in Ladder Capital by 1,832.9% during the 3rd quarter. Quarry LP now owns 8,118 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 7,698 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Ladder Capital during the 4th quarter valued at $112,000. Cibc World Markets Corp bought a new position in Ladder Capital during the 4th quarter valued at $119,000. Finally, Longboard Asset Management LP bought a new position in Ladder Capital during the 4th quarter valued at $160,000. 62.25% of the stock is owned by institutional investors.

Ladder Capital Stock Performance

Shares of LADR stock opened at $11.60 on Tuesday. Ladder Capital Corp has a 1-year low of $10.21 and a 1-year high of $12.48. The company has a current ratio of 38.96, a quick ratio of 38.96 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 13.48 and a beta of 1.91. The stock’s fifty day simple moving average is $11.41 and its 200-day simple moving average is $11.54.

Ladder Capital (NYSE:LADR) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Ladder Capital had a net margin of 21.36% and a return on equity of 8.77%. On average, sell-side analysts predict that Ladder Capital Corp will post 1.03 earnings per share for the current fiscal year.

Ladder Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.23 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 7.93%. Ladder Capital’s dividend payout ratio (DPR) is currently 106.98%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $13.00 to $12.75 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. B. Riley raised Ladder Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, StockNews.com lowered Ladder Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.29.

Ladder Capital Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.